KISMAT: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
KISMAT
Largest movements
- Receivables within one year -€5,180
down €5,180 (-28.9%), from €17,936 to €12,756
of which Trade receivables: -€6,050
- Cash -€4,963
down €4,963 (-11.7%), from €42,470 to €37,506
mainly Contributions, distributions and other (-€23,549) and Tax, wage and social debts (-€3,285)
- Profit (loss) carried forward -€9,280
down €9,280 (-30.9%), from €30,024 to €20,743
- Tax, wage and social debts -€3,285
down €3,285 (-48.2%), from €6,815 to €3,529
- Other debts +€1,066
up €1,066 (+9.5%), from €11,178 to €12,244
- Gross operating margin -€17,509
down €17,509 (-42.4%), from €41,307 to €23,798
- Taxes -€8,436
no longer reported in 2025 (was €8,436)
- Financial charges +€4,769
up €4,769 (+1019.0%), from €468 to €5,238
of which Non-recurring financial charges: +€4,914
- Staff costs +€2,734
new in 2025: €2,734
- Other operating charges -€1,766
down €1,766 (-65.5%), from €2,694 to €928
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €68,562 | €57,851 | -€10,712 | -15.6% |
| Fixed assets | 21/28 | €3,178 | €2,549 | -€629 | -19.8% |
| Tangible fixed assets | 22/27 | €3,178 | €2,549 | -€629 | -19.8% |
| Furniture and vehicles | 24 | €1,333 | €987 | -€346 | -26.0% |
| Other tangible fixed assets | 26 | €1,845 | €1,562 | -€283 | -15.3% |
| Current assets | 29/58 | €65,384 | €55,302 | -€10,083 | -15.4% |
| Amounts receivable within one year | 40/41 | €17,936 | €12,756 | -€5,180 | -28.9% |
| Trade receivables | 40 | €17,100 | €11,050 | -€6,050 | -35.4% |
| Other amounts receivable | 41 | €836 | €1,706 | +€870 | +104.0% |
| Cash at bank and in hand | 54/58 | €42,470 | €37,506 | -€4,963 | -11.7% |
| Deferred charges and accrued income | 490/1 | €4,978 | €5,039 | +€61 | +1.2% |
| Total equity and liabilities | 10/49 | €68,562 | €57,851 | -€10,712 | -15.6% |
| Equity | 10/15 | €50,484 | €41,203 | -€9,280 | -18.4% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,024 | €20,743 | -€9,280 | -30.9% |
| Amounts payable | 17/49 | €18,078 | €16,647 | -€1,431 | -7.9% |
| Amounts payable within one year | 42/48 | €18,078 | €16,647 | -€1,431 | -7.9% |
| Financial debts | 43 | - | €629 | +€629 | |
| Credit institutions | 430/8 | - | €629 | +€629 | |
| Trade debts | 44 | €85 | €244 | +€159 | +186.6% |
| Suppliers | 440/4 | €85 | €244 | +€159 | +186.6% |
| Taxes, remuneration and social security | 45 | €6,815 | €3,529 | -€3,285 | -48.2% |
| Taxes | 450/3 | €6,815 | €3,529 | -€3,285 | -48.2% |
| Other amounts payable | 47/48 | €11,178 | €12,244 | +€1,066 | +9.5% |
| Remuneration, social security and pensions | 62 | - | €2,734 | +€2,734 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €635 | €629 | -€6 | -0.9% |
| Other operating charges | 640/8 | €2,694 | €928 | -€1,766 | -65.5% |
| Gross operating margin | 9900 | €41,307 | €23,798 | -€17,509 | -42.4% |
| Operating profit (loss) | 9901 | €37,979 | €19,507 | -€18,472 | -48.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €468 | €5,238 | +€4,769 | +1019.0% |
| Recurring financial charges | 65 | €468 | €323 | -€145 | -31.0% |
| Non-recurring financial charges | 66B | - | €4,914 | +€4,914 | |
| Profit (loss) for the period before taxes | 9903 | €37,511 | €14,269 | -€23,242 | -62.0% |
| Income taxes | 67/77 | €8,436 | - | -€8,436 | |
| Profit (loss) for the period | 9904 | €29,075 | €14,269 | -€14,806 | -50.9% |
| Profit (loss) for the period to be appropriated | 9905 | €29,075 | €14,269 | -€14,806 | -50.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.